Credit Analyst II

Bank of America•Charlotte, NC

2d•Onsite

About The Position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions. The Credit Analyst II role is responsible for working with a credit team to support the credit underwriting and/or monitoring process for new and existing clients. Responsibilities include completing credit analysis to assess a client’s creditworthiness, evaluating credit risk, completing analysis in various systems, and writing financial analysis for approval and/or monitoring documents. At this level, the analyst independently analyzes both qualitative and quantitative data, including client financials, projections, industry data, covenant compliance, collateral documentation, and adherence to policy and procedural requirements. “Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy.”

Requirements

1+ years of experience in credit analysis, underwriting support, or financial analysis
Basic understanding of financial statements, cash flow analysis, and credit risk concepts
Ability to complete routine credit analysis and monitoring tasks with accuracy and timeliness
Experience preparing or contributing to written financial or credit analysis documentation
Proficiency in Microsoft Excel and ability to work with financial data, financial modeling and reports

Nice To Haves

Bachelor’s degree in finance, Accounting, Economics, Business, or related field
Working knowledge of financial statements and cash flow analysis and credit risk fundamentals
Ability to complete routine credit and monitoring analyses independently with guidance on complex items
Experience preparing written credit analysis for approval and/or monitoring
Familiarity with commercial lending concepts, credit policy, and loan documentation

Responsibilities

Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
Build projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings
Analyze client financial information to assess creditworthiness, identify and mitigate risks, evaluate collateral, and ensure compliance with regulatory requirements and internal credit policies
Perform ongoing monitoring activities, including analysis of client financial performance and collateral positions, to proactively identify risks and trends
Support loan structuring and execution by participating in discussions and assisting with the preparation and completion of loan documentation
Review client requests and credit submissions to ensure accuracy, completeness, and adherence to credit policies and procedures
Participate in client meetings and portfolio reviews to deepen understanding of the client’s business, management team, and performance, while supporting internal and regulatory use of credit data